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Competition in Electricity Spot Markets. Economic Theory and International Experience

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  • von der Fehr, N.-H.
  • Harbord,D.

Abstract

The main purpose of this survey paper is to consider the attempts that have been ,ade to apply economic theory snd empirical methods to the analysis of electricity markets, and to evaluate them in light of theoretical considerations and empirical evidence. We describe the key features of the markets in England and Wales, Norway and Australia in order to allow for a comparison of design issues and evaluation of competitive performance.

Suggested Citation

  • von der Fehr, N.-H. & Harbord,D., 1998. "Competition in Electricity Spot Markets. Economic Theory and International Experience," Memorandum 05/1998, Oslo University, Department of Economics.
    • Handle: RePEc:hhs:osloec:1998_005
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    File URL: https://www.sv.uio.no/econ/english/research/unpublished-works/working-papers/pdf-files/1998/memo0598.pdf
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    References listed on IDEAS

    as
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    4. Frank A. Wolak & Robert H. Patrick, 2001. "The Impact of Market Rules and Market Structure on the Price Determination Process in the England and Wales Electricity Market," NBER Working Papers 8248, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    COMPETITION ; ELECTRICITY;

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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